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• Shiba Inu whales have accumulated 1.11 trillion SHIB since June 4.
• The huge anticipation surrounding the Shibarium launch is driving interest in the meme coin.
• On Friday, July 28th, large investors held $266 million worth of SHIB.

Shiba Inu Whale Accumulation

The Shiba Inu wallet addresses with 10 million to 100 billion added 1.11 trillion SHIB since June 4 as whale activity increases ahead of the upcoming Shibarium launch. This spike in whale activity has driven significant bullish sentiment for Shiba Inu and caused its price to increase slightly on Saturday, trading around $0.00000830.

On-chain Data

According to on-chain data from market intelligence platform Santiment, large holders have accumulated staggering amounts of SHIB since early June. As of Friday, July 28th, these large investors held roughly $266 million worth of SHIB total.

Shibarium Launch

The highly anticipated Shiba Inu ecosystem event – the launch of the layer-2 solution Shibarium – is likely driving much of this increased whale activity and bullish sentiment for the meme coin. Testnet access is currently available for those interested in exploring Shibarium before its full launch later this year.

SHIB Price Outlook

                                                                                                                                                                                                                                                                          
                                                   SHIB traded at $0.00000830 on Saturday afternoon after reaching intraday highs of $0 CoinGecko ranks Shiba Inu the 15th largest cryptocurrency by market cap, with a total market capitalization of more than $7 billion .

Conclusion

Shiba Inu whales have been accumulating a staggering amount of SHIB over the past few months as anticipation builds around its planned layer-two solution, Shibarium. With testnet access already available and more bullish sentiment in play, it remains to be seen how high prices could go once this major event launches later this year or beyond..